unit 2 discusion - Cash Basis versus Accrual Basis of...

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Unformatted text preview: Cash Basis versus Accrual Basis of Account Your friend is getting ready to start a new business, and she wants to know whether she should use the cash or accrual basis. She is aware that you have had some accounting in college, and she asks you what you think is best and why. In what situations would a start-up company use the cash method, and when would they use the accrual method? In your opinion, which method would allow for more fraud, and what kinds of misstatements might you find? Which method do you feel is the better method? Why? Respond nmbhkvtgyoki Collapse All Show Options Responses Author Date & Time Christina Myers 19 Oct 10 7:49 PM MST Oyoungo Jones 19 Oct 10 11:19 PM MST Christina Myers 20 Oct 10 6:48 AM MST John Garafano 20 Oct 10 2:41 PM MST Christina Myers 20 Oct 10 6:40 PM MST Cassandra Dominique 24 Oct 10 5:08 PM MST Melanie Hicks 21 Oct 10 7:15 PM MST Christina Myers 22 Oct 10 6:16 AM MST nmbhkvtgyoki Jorge Martinez 23 Oct 10 9:28 AM MST Mary Johnson 25 Oct 10 8:09 PM MST Oyoungo Jones 19 Oct 10 11:07 PM MST Christina Myers 20 Oct 10 7:05 AM MST John Garafano 20 Oct 10 2:44 PM MST Demetrica Jefferis 22 Oct 10 4:47 PM MST Rebecca Forman 23 Oct 10 12:50 PM MST Kimberley Giordano 24 Oct 10 7:10 AM MST Melanie Hicks 26 Oct 10 6:59 PM MST Kelley DeWalt 20 Oct 10 6:30 PM MST nmbhkvtgyoki...
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This note was uploaded on 01/07/2011 for the course MBA GB518 taught by Professor None during the Winter '10 term at Kaplan University.

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unit 2 discusion - Cash Basis versus Accrual Basis of...

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